Etihad Airways Signs Agreement with Serbian Government for JatAirways

Etihad Airways, the national airline of the United Arab Emirates, signed a memo of understanding with the Serbian government to explore the possibilities of Etihad making an equity investment in JatAirways, the Serbian national carrier. The agreement clears the way for the two airlines to proceed with discussions about possible collaborative efforts to further integrate their networks and help JatAirways achieve efficiencies, build revenue, and reduce costs.

Any possible consummation of the deal would not proceed until the completion of a comprehensive due diligence process and all required regulatory and corporate board approvals. According to James Hogan, President and chief executive officer of Etihad Airways, “These are early days but we are excited about the future and look forward to exploring the possibility of a much deeper strategic commercial partnership with JatAirways. As we have demonstrated with our minority equity investments in other airlines, significant on-going savings can be achieved through joint initiatives. These include pilot and crew training, fuel, insurance, and procurement and maintenance agreements for common engine types.”

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